Coinbase operates one of the largest cryptocurrency exchanges in the United States, letting retail and institutional customers buy, sell, and hold digital assets. Beyond trading, it offers custody for institutions, a stablecoin (USDC jointly with Circle), staking, and developer tools for building on blockchain networks. Revenue comes mainly from trading fees, subscription products, and interest and rewards on crypto balances.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 1,497.2 | — | 1,428.9 | 4,056.2% |
| Q3 2025 | 1,868.7 | — | 432.6 | 521.7% |
| Q4 2025 | 1,781.1 | — | -666.7 | -156.9% |
| Q1 2026 | 1,413 | — | -394.1 | -746.8% |
| Q2 2026 | 1,220.1 | -18.5% | -359.5 | -125.2% |
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